Producer Company In Chennai

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Shoplegal provides Producer Company registration services in Chennai according to the Companies Act, 1956. A Producer Company is a corporate entity focused on activities outlined in section 581B, specifically tailored for farmers and agriculturists. Its primary goal is to uplift the living standards of farmers, ensuring better income and profitability.

  • Activities involving production, processing, procurement, grading, marketing, and exporting primary produce or importing goods/services for the benefit of members.
  • Providing technical consultancy, training, education, research, and development to promote members' interests.
  • Engagement in power distribution, land and water resource management.
  • Offering welfare initiatives, financial services, and insurance for producers and their primary produce

India relies significantly on agriculture, with over 60% of its population dependent on it for sustenance. However, many farmers and primary producers struggle to access essential resources like credit, technology, and markets. To address these challenges, the Government of India established an expert committee. Introducing a new concept in 2002 known as Producer Companies aimed to benefit primary producers. These companies aim to enable cooperative businesses to function as formal entities, allowing existing cooperatives to transition into corporate entities.

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